Name
How WIFIA Financing Accelerated Stormwater Infrastructure Investments in Fort Lauderdale, FL
Date & Time
Thursday, August 29, 2024, 10:30 AM - 11:15 AM
Mary Fasano
Description

In this session, speakers will provide an overview of the Water Infrastructure Finance and Innovation Act (WIFIA) program and describe WIFIA’s water infrastructure-related eligibilities and priorities, including stormwater projects and climate resiliency projects. Additionally, speakers will discuss the benefits of WIFIA financing, including long repayment terms, project bundling, and flexible repayment structures. Finally, speakers will describe, through the case study described below, how the WIFIA program can provide critical funding for stormwater infrastructure upgrades. In 2023, the City of Fort Lauderdale, Florida, received a $120 million WIFIA loan to finance seven crucial stormwater infrastructure projects that will benefit entire neighborhoods. The projects encompass a wide range of stormwater infrastructure improvements, including the replacement and installation of storm pipes, exfiltration trenches, swales, water quality structures, pump stations, tidal valves, permeable pavers, created wetlands, canal/creek maintenance and sea walls. These improvements will help manage stormwater in the city’s most flood-prone neighborhoods, based on the historical flooding documentation. WIFIA financing will save the city approximately $26 million over the life of the loan.

Location Name
Carson 3-4
Full Address
Grand Sierra Resort & Casino
2500 E 2nd St
Reno, NV 89595
United States